Akso Health Group (NASDAQ:AHG) Stock Price Up 9.7% – Still a Buy?

Akso Health Group Sponsored ADR (NASDAQ:AHG) shares rose 9.7% during mid-day trading on Monday . The company traded as high as $1.73 and last traded at $1.8980. Approximately 691 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 96,579 shares. The stock had previously closed at $1.73.

Analysts Set New Price Targets

Several research firms recently weighed in on AHG. Wall Street Zen raised Akso Health Group to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Akso Health Group in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Akso Health Group Stock Up 13.9%

The business has a fifty day moving average of $2.15 and a 200 day moving average of $1.71.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Akso Health Group stock. SmartHarvest Portfolios LLC lifted its holdings in Akso Health Group Sponsored ADR (NASDAQ:AHG) by 111.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,429 shares of the company’s stock after purchasing an additional 18,681 shares during the period. SmartHarvest Portfolios LLC’s holdings in Akso Health Group were worth $81,000 at the end of the most recent reporting period. 1.21% of the stock is currently owned by institutional investors and hedge funds.

Akso Health Group Company Profile

Akso Health Group operates a social e-commerce mobile platform in China. The company operates Xiaobai Maimai App, which offers food and beverage products, wine, cosmetic products, fashion and apparel, entertainment products, housewares, home appliances, and cost-saving promotions at petrol gas stations. It also offers consultancy and information technology support services; provides health treatment services; sells medical devices; and trades in branded products, as well as promotes products. The company was formerly known as Xiaobai Maimai Inc and changed its name to Akso Health Group in December 2021.